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Is GPU mining still good in 2015?

Discussion in 'CryptoCurrency' started by Capo Dei Capi, Jan 22, 2015.

  1. Capo Dei Capi

    Capo Dei Capi BANNED BANNED

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    Back in early-mid 2015 I was able to mine alternative coins with a R7 260x, but stopped since I needed to use my pc for other purposes. Is it still worth getting back into mining now, I'm looking to just make enough to pay for hosting+domain anonymously.
     
  2. TrafficWizard

    TrafficWizard Junior Member

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    I suggest leave alt coins alone... if you want mine few millions random alt. coins and keep them in wallet in case some of them will manage to rise in sun ! :)

    If you follow up crypto currency - what do you think about that BTC drop below 178 ?! few people got couple of millions up in cryptos I guess :D
     
  3. mazzika1985

    mazzika1985 Regular Member

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    BTC price is 234Ù 8$
     
  4. TrafficWizard

    TrafficWizard Junior Member

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    And ? Check graph's there was nice dumping going on in small time period then boom back but not so strong as always :) only big stock owners win in this ! they control the price pretty much !


    alt coins are useless !! believe me

    Unless you can mine them without paying for electricity/gear I'm talking serious here you have to be all in and hope for best, AKA have to mine that specific coin from beginning to control it's market value pump and dump ? :)
     
  5. SquareBox

    SquareBox Newbie

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    I sold my GPU's almost a year ago... their prices dumped and the electricity wasn't worth it.
    Trading is more profitable and nearly free!
     
  6. Capo Dei Capi

    Capo Dei Capi BANNED BANNED

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    I decided on not getting back into mining, I was going to do it since I didn't trust buying bitcoins with paypal, but I just found out that not only Payza is back for Americans but I can also withdraw to bitcoin with Payza.


    https://blog.payza.com/payza-updates/why-use-payza-announcements/buy-bitcoin-with-payza/
     
  7. mazzika1985

    mazzika1985 Regular Member

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    i dont know what is mining need beside electricity

    as electricity in my country is very cheap

    and i can manipulate and not pay for electricity

    this miner is very cheap

    http://minersource.net/products/sp30
     
  8. Capo Dei Capi

    Capo Dei Capi BANNED BANNED

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    It would take me at least 200 days to break even with that if I was using it.
     
  9. mazzika1985

    mazzika1985 Regular Member

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    200 days?

    its 4.5th

    i thought i will mine from the first day
     
  10. x3agle

    x3agle Junior Member

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    I started mining dogecoin last year and gave up now, the prices are low and no increase in value. Also my electricity is not cheap so I gave up on the idea.
     
  11. x3agle

    x3agle Junior Member

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    You can probably make more trading coins though
     
  12. Capo Dei Capi

    Capo Dei Capi BANNED BANNED

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    4.5Th isn't alot anymore there are a ton of ASIC miners on the market now.
     
  13. spicypizza

    spicypizza Newbie

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    I don't think there is any money left in mining, especially for a newcomer. I think building a service around Bitcoin is the way to go here. Find someway to provide a service to bitcoin users, miners, traders ... etc